Prime Capital Investment Advisors LLC Sells 5,139 Shares of The Walt Disney Company $DIS

Prime Capital Investment Advisors LLC cut its stake in The Walt Disney Company (NYSE:DISFree Report) by 8.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,338 shares of the entertainment giant’s stock after selling 5,139 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Walt Disney were worth $6,451,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Copeland Capital Management LLC acquired a new position in shares of Walt Disney during the third quarter worth $25,000. Strengthening Families & Communities LLC purchased a new position in Walt Disney during the 3rd quarter worth $29,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Walt Disney during the 3rd quarter valued at about $33,000. Harbor Asset Planning Inc. purchased a new stake in Walt Disney in the second quarter valued at about $37,000. Finally, Total Investment Management Inc. acquired a new stake in Walt Disney in the second quarter worth about $37,000. 65.71% of the stock is currently owned by hedge funds and other institutional investors.

Walt Disney News Summary

Here are the key news stories impacting Walt Disney this week:

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DIS shares. Wells Fargo & Company decreased their price objective on shares of Walt Disney from $152.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $151.00 price target on shares of Walt Disney in a report on Monday. Morgan Stanley began coverage on shares of Walt Disney in a research note on Tuesday. They set an “overweight” rating and a $135.00 price objective for the company. Rosenblatt Securities restated a “buy” rating and issued a $141.00 target price on shares of Walt Disney in a research note on Friday, October 17th. Finally, Weiss Ratings cut Walt Disney from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Seventeen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Walt Disney has an average rating of “Moderate Buy” and an average price target of $135.80.

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Walt Disney Trading Up 3.6%

NYSE DIS opened at $108.79 on Friday. The Walt Disney Company has a 1 year low of $80.10 and a 1 year high of $124.69. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.67 and a quick ratio of 0.65. The company has a market capitalization of $192.72 billion, a PE ratio of 16.00, a P/E/G ratio of 1.43 and a beta of 1.43. The company has a fifty day moving average of $110.95 and a 200 day moving average of $112.70.

Walt Disney (NYSE:DISGet Free Report) last announced its quarterly earnings results on Monday, February 2nd. The entertainment giant reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.06. The company had revenue of $25.98 billion for the quarter, compared to the consensus estimate of $25.54 billion. Walt Disney had a return on equity of 8.90% and a net margin of 12.80%.The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned $1.40 EPS. Research analysts forecast that The Walt Disney Company will post 5.47 earnings per share for the current year.

Walt Disney Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, June 30th will be given a $0.75 dividend. This represents a yield of 139.0%. The ex-dividend date is Tuesday, June 30th. Walt Disney’s dividend payout ratio is currently 22.06%.

Walt Disney Profile

(Free Report)

The Walt Disney Company (NYSE: DIS), commonly known as Disney, is a diversified global entertainment and media conglomerate headquartered in Burbank, California. Founded in 1923 by Walt and Roy O. Disney, the company grew from an animation studio into a multi‑national entertainment enterprise known for iconic intellectual property and family‑oriented storytelling. Disney’s operations span film and television production, streaming services, theme parks and resorts, consumer products, and live entertainment.

On the content side, Disney produces and distributes feature films and television programming through a portfolio of studios and labels that includes Walt Disney Pictures, Pixar, Marvel Studios, Lucasfilm and 20th Century Studios, along with broadcast and cable networks such as ABC, FX and National Geographic.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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